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arsenal.com: Cesc Fabregas

If rumors are to be believed then this will be the last week of Spanish midfielder Cesc Fabregas’ stay in London as a Gunner.

According to sources, Spanish football giant Barcelona has made a renewed bid on Wednesday for the Arsenal playmaker. The Gunners may have to stay content with Barca’s previous package of £30.7 million ($50 million) which may be upped due to circumstances.

If the deal is finally made then that would put an end to one of the longest transfer sagas in recent years which started last summer and Barca had two of its bids for Fabregas rejected by Arsenal.

Both Fabregas and Frenchman Samir Nasri have been named in Arsenal’s squad for Champions League play-off against Italian side Udinese, and if either of the players were to leave the Emirates Stadium them they will ineligible to play in the competition for any other club.

Arsenal, however, are said to have dismissed offers from Barcelona and standing firmly over their £40 million ($65 million), but look more likely to lose the player at a price which is less than what they expect.

Arsenal’s Russian playmaker Andrey Arshavin believes that the loss of both Fabregas and Nasri would come as a massive setback for the Gunners.

"The loss of any one of them would be enormous, and we naturally want to see Cesc and Samir play with us in the future - but if the player wants to leave the club there is little you can do to stop them,” Arshavin told Russian newspaper Sport Express. “It is hard to say whether they will stay.”

Eminent Spanish journalist and football expert Guillem Balague, however, has confirmed on his official Twitter page that the Fabregas deal is imminent and all the terms have been agreed to.

“FCB will pay 40m euros (30 fixed+5 variables+5m that Cesc will take off wages). Only little details to confirm but been told done by weekend,” Balague wrote on his official Twitter page.

Arsenal boss Arsene Wenger will be under massive pressure if the season doesn’t start smoothly for the Gunners and the team fails to win any silverware, according to a Sky Sports report.